Hey everybody. My withdrawal from MtGox in Euros via SEPA is heavily delayed. It has been "confirmed" (e.g. cued for execution) for 14 days now. I complained and demanded a cancellation to rebuy bitcoins and sell them on Bitstamp or alike. They refused that and told me to wait "just a little longer" as the transfer is "in the middle of being processed" by their bank (which I find a completely inadequate and unprofessional - if not childish - description of whatever is happening to the transaction right now). I consider this as unacceptable. I wanted to share this experience with other users here so they are warned when considering using MtGox to sell their BTC for Euro. If you had comparable experience please share.

Thank you for the reply. Sorry for the delay and we were able to locate the transaction in question. It appears that our bank is still in the middle of processing the funds,and we will keep you updated once the transactions is processed. We apologize for any inconvenience this may cause.Let us know if you have any other questions.

Thanks,

MtGox.com Team

You bet this causes inconvenience!

SEPA transactions are regulated by EU law and required to not take more than 1 business day.

I kinda have a gut feeling that the Polish bank account has been frozen for 7 days and they don't want to say it.Just my speculation, no fact.

Hope it's 7 days and not 3 months like Bitcoin-24. I was counting on that money.

In the past Gox has hit transfer limits imposed on them by their bank. Others have run into it in the past. Gox moves a lot of money and considering the massive amount of Fiat Flight and Fiat Entrace of the past week or so it's no surprise that their bank may be slowing them down. Indeed they might be running up against the limits of their business incorporation rights. IE: potentially their are dealing with so much money that the government might require them to be a different type of corporate structure then they are. Or heck- it's always likely that the same people who are DDOSing Gox might be falsely calling in complaints.

Hey everybody. My withdrawal from MtGox in Euros via SEPA is heavily delayed. It has been "confirmed" (e.g. cued for execution) for 14 days now. I complained and demanded a cancellation to rebuy bitcoins and sell them on Bitstamp or alike. They refused that and told me to wait "just a little longer" as the transfer is "in the middle of being processed" by their bank (which I find a completely inadequate and unprofessional - if not childish - description of whatever is happening to the transaction right now). I consider this as unacceptable. I wanted to share this experience with other users here so they are warned when considering using MtGox to sell their BTC for Euro. If you had comparable experience please share.